A measure of a contractor’s backlog in surety bond underwriting calculated by taking a contractor’s Total Estimated Cost on a project and subtracting Estimated Cost to Complete. It is sometimes abbreviated CTC by surety bond underwriters.
Cost to Complete = Total Estimated Cost – Estimated Cost to Complete
Axcess Surety is the premier provider of surety bonds nationally. We work individuals and businesses across the country to provide the best surety bond programs at the best price.